LEE A. IACOCCA

KEEP AMERICA COMPETITIVE. The United States is "getting whipped" and the government should adopt a protectionist stance, Chrysler Corp. chairman Lee A. Iacocca told graduating Massachusetts Institute of Technology students in Cambridge. Iacocca, 60, said the U.S. trade imbalance has cost the nation 3 million jobs, and that unless the trend is reversed through a change in policy, the United States could become a colony again. Quote: "We've got this silly notion it's a mortal sin to play by the rules everybody else is using. We're the ones that are out of step today, not the Japanese."